Question
A company has 2 buildings. One of them is held for investment (A) and the other for administrative purposes (B). Both buildings have been bought
A company has 2 buildings. One of them is held for investment (A) and the other for administrative purposes (B). Both buildings have been bought for 1,000,000 and have a useful life of 10 years. The company does not use the cost method. Building A, revalued 1 year later and its value was determined as 900.000 . On the same date, building B was also revalued and its value was found to be 1,200,000 . Immediately after the revaluation, the company sold building A to TL 950,000; and Building B for 800,000 TL. What would be the profit or loss amount in the profit/loss section of the income statement? What would be the amount of "other comprehensive income" in the other comprehensive income section of the income statement?
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